Westpac Low Rate Card – Online Only Balance Transfer Offer

Westpac Low Rate Card - Online Only Balance Transfer Offer Find out more Go to site

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What happens when I click Go to site?
  • Clicking Go to site will take you to your Online Application on the bank's website. You do not need to be an existing customer of this bank to apply.
  • Your application will typically take you no more than 10-15 minutes to complete
  • Once approved, you will typically receive your credit card within 1-2 weeks
Click here to start your application >>

Save with 0% p.a. interest on balance transfers for 24 months when you apply online by 31 January 2018.

Transfer your existing debt to a new Westpac Low Rate credit card and you could enjoy a promotional rate of 0% p.a. interest for up to 24 months on balance transfers with a one-time 2% balance transfer fee. At the end of the promotional period, any of the remaining balance will accrue interest at the variable cash advance rate.

To take advantage of this offer, you’ll need to be a new customer, apply online and request the balance transfer when you apply during the promotional period.

Product NameWestpac Low Rate Card - Online Only Balance Transfer Offer
Balance transfer rate (p.a.)0% p.a. for 24 months with 2% balance transfer fee
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Cash Advance Rate (21.49% p.a.)
Balance Transfer Limit95% of available credit limit
Purchase rate (p.a.)13.49% p.a.
Offer end date31 January 2018
Annual fee$59 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 55 days on purchases
Cash advance rate (p.a.)21.49% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$1,000
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$25,000
Minimum Monthly Repayment2% or $10, whichever is greater
Card TypeVisa
Late Payment Fee$15
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Complimentary Travel InsuranceNo
Available To Temporary ResidentsYes - Conditions apply
Joint ApplicationNo
Minimum Age18 years of age
Available to Temporary ResidentsYes - Conditions apply
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$1,000
Max Credit Limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$25,000
Annual Fee$59 p.a.
Minimum Repayment2% or $10, whichever is greater
Late Payment Fee$15
Over Limit Fee$0
Cash Advance Fee2% of the transaction amount or $2.50
Overseas Emergency Replacement$0
Overseas ATM Balance check$0
Overseas ATM Withdrawal Fee$0
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Gambling Transactions AllowedYes
Gambling Transactions Interest RateCash Advance Rate
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders1
BPAYYes
ChequeNo
Direct DebitNo
Australia PostNo
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailNo

Pros

  • A low purchase interest rate of 13.49% p.a.
  • Balance transfer promotion of 0% p.a. for 24 months
  • Low annual fee of $59

Cons

  • This card has no rewards program.
  • A one-time 2% balance transfer fee applies.

Review of the Westpac Low Rate credit card

The Westpac Low Rate credit card is designed to offer affordable access to credit. As well as competitive rates on purchases and balance transfers, you can also save on card costs with a $59 annual fee that is competitive for a low rate card. If you don’t use this card for a balance transfer, you can also enjoy up to 55 days interest free on purchases when you pay your balance in full by the statement due date.

Benefits and features of the Westpac Low Rate credit card

Here are the key highlights of the Westpac Low Rate credit card:

  • 0% p.a. on balance transfers for 24 months. Apply online as a new customer by 31 January 2018 and request a balance transfer at the time of your application to enjoy 0% p.a. interest on your debt for the first 24 months. A one-time 2% balance transfer fee applies. At the end of the promotional period, the variable cash advance rate applies to any remaining debt from the transfer.
  • Low purchase rate. This card has a competitive variable purchase rate of 13.49% p.a.
  • Additional cardholders. Request an additional cardholder at no extra cost.
  • Interest-free period. If you repay your account in full by the due date on each statement, you can take advantage of up to 55 days interest free on eligible purchases in the following statement period.
  • Contactless technology. Use this card to tap-and-go for payments of under $100. You can also link your Westpac credit card with Samsung Pay or Android Pay or use the Westpac mobile banking app to make contactless payments with a compatible Samsung smartphone.

Rates and fees of the Westpac Low Rate credit card

Weigh up these costs to decide if the Westpac Low Rate credit card is right for you:

  • Annual fee. The Westpac Low Rate credit card has a standard annual fee of $59.
  • Cash advance rate and fee. If you use your card to make a cash advance, such as an ATM withdrawal, you'll collect an interest rate of 21.49% p.a. and will be charged a fee of 2% of the transaction amount or $2.50.
  • Currency conversion rate. If you use your card to make a foreign transaction overseas or online, you'll be charged a fee of 3% of the transaction value.
  • Late payment fee. If you miss a payment, you will have to pay a fee of $15.

How to apply for the Westpac Low Rate credit card

If you want to get 0% p.a. on balance transfers for up to 24 months, you need to apply for the Westpac Low Rate credit card online. This only takes a few minutes and you can speed up the process by making sure you meet the following requirements and have all the necessary information on hand.

Eligibility criteria

  • How old are you? You must be at least 18 years old to apply.
  • How much do you earn? You must have a minimum income of $15,000 p.a.
  • Are you an Australian citizen? You must be an Australian permanent resident or citizen and have a current Australian residential address. If you are a temporary resident, you may still apply through migrant banking.

Information and documents you’ll need

As part of the application process, you’ll need to provide the following details and documents:

  • Personal details. This includes your full name, date of birth, residential address, email address and contact number.
  • Proof of identity. You'll also need to provide some form of identification such as your driver's licence or passport.
  • Employment details. You'll need to provide details of your employment including your annual income and your employer's details.
  • Financial details. Westpac will also require your personal and financial details to assess your credit rating and source of income. If you receive government support and payments, you'll need to provide your Centrelink Pension Card details.
  • Balance transfer details. You’ll need to provide the details of the debt that you wish to move to the new Westpac Low Rate credit card. This includes the account name and number and the amount of debt that you want to transfer. Note that you can request to transfer a balance or balances from up to three non-Westpac, Australian-issued credit, charge or store cards.

The Westpac Low Rate credit card 0% p.a. for 24 months balance transfer offer is highly competitive, allowing you to save on interest charges so that you can pay down your debt faster. This card also has competitive ongoing rates that are designed to ease the burden that comes with credit card repayments. As it's not the only low rate card on the market, compare credit cards to ensure that you find the right one for your needs.

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8 Responses

  1. Default Gravatar
    PaulOctober 24, 2017

    Is the balance transfer able to be used to pay off a personal loan?

    • Default Gravatar
      JonathanOctober 24, 2017

      Hi Paul,

      Thank you for your inquiry.

      Currently, we have Citibank and Virgin cards as available options for balance transfer from personal loan to a credit card. You can check this page for more details.

      You may utilize the calculator at the top of our comparison table to know the maximum savings you get from each card product.

      Hope this helps.

      Cheers,
      Jonathan

  2. Default Gravatar
    NathanOctober 5, 2017

    Hi, I’ve tried a few times to apply and the westpac website is returning an error – “Unable to proceed – the details entered don’t match those on our system”

    any idea what’s going on?

    • Staff
      MariaOctober 6, 2017Staff

      Hey Nathan,

      Thank you for reaching out to us.

      As we do not represent Westpac or any of the companies that we feature on our pages, it would be best to consult them directly regarding your application issue through their Westpac Customer Service Contact Numbers.

      I hope this helps.

      Best,
      Maria

  3. Default Gravatar
    LoOctober 3, 2017

    How accurate is the information you are providing? The Westpac Low Rate card you 0% balance transfer for 24 months, but on the Westpac website the balance transfer period is only for 18 months.

    • Staff
      LiezlOctober 3, 2017Staff

      Hi Lo,

      Thanks for your question.

      The information on this page is accurate and the 24-month balance transfer offer is ongoing and will end on 26th October 2017. However, you can only apply for this offer online. You may click the “Go to Site” button above and it will redirect you to the promotional page.

      Cheers,
      Liezl

  4. Default Gravatar
    KarmpalJuly 4, 2017

    Hi if I got a balance transfer card , can I transfer this money to my wife’s Commonwealth Credit card?

    • Default Gravatar
      JonathanJuly 4, 2017

      Hi Karmpal!

      Do you mean doing a balance transfer from your wife to a new card under your name?

      You may be able to do that if both of you were considered accountholders on the card where the debt is coming from.

      You can read about that here.

      Hope this helps.

      Cheers,
      Jonathan

Credit Cards Comparison

Rates last updated November 25th, 2017
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
St.George Vertigo Platinum - Online Offer
12.74% p.a.
0% p.a. for 24 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers complimentary travel insurance, complimentary purchase insurance and access to a 24/7 personal concierge service.
Qantas Premier Platinum
19.99% p.a.
0% p.a. for 15 months
$149 p.a. annual fee for the first year ($299 p.a. thereafter)
Fly faster with up to 2 Qantas Points per $1 spent, receive 2 yearly complimentary Qantas Club lounge invitations, plus, included travel insurance.
Woolworths Everyday Platinum Credit Card
19.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Receive a $50 eGift Card when you apply by 31 January 2018 and make an eligible purchase by 28 February 2018.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
20.74% p.a.
0% p.a. for 18 months
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 60,000 bonus Velocity Points in the first 3 months on eligible spend and enjoy a discounted annual fee of $64 for the first year.

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* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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